Which of the following is NOT true of prediction?
A)It is a statement of what is believed will happen in the future.
B)It may be based on prior observation.
C)We are seldom confronted with the need to make predictions.
D)It may be based on past experience.
E)Marketing managers are constantly faced with the need to make predictions.

Question

Quizplus · Accepted Answer

Prediction is the process of forecasting or making a statement about the future based on prior observation or past experience. It is an essential aspect of decision making and planning for various fields, including marketing. Therefore, option C, which suggests that we are seldom confronted with the need to make predictions, is not true.

Which of the Following Is NOT True of Prediction